As of 2024, Businessperson and former basketball player, Magic Johnson’s Net Worth is estimated to be $1.3 Billion. According to various online resources (Wikipedia, Forbes, Bloomberg), the most famous American former professional basketball player Magic Johnson estimated net worth of around $1.3 Billion.
His earnings from basketball were only around $100 million. He earned the rest from his business. After retiring from basketball, he opened a company called Magic Johnson Enterprise, The valuation of this company is around $1.2 billion in 2021.
Earvin “Magic” Johnson Jr. is a former basketball performer and entrepreneur from America. Magic Johnson has a net worth of around $1.3 Billion. Magic was picked as the No.1 player in the 1979 NBA Draft by the Los Angeles Lakers after winning titles in high school and university. Previously, Johnson was the president of basketball functions for the Lakers.
For 13 seasons, Johnson played point guard for theandnbsp;Lakers, succeeding in both the NBA Championship and NBA Finals Most Valuable Player Award in his 1st year. He played in many All-Star Games, won many championships, and was called MVP 3 times. People loved watching him contest against Larry Bird in the 1980s.
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After quitting, Johnson has been helping prevent HIV/AIDS and promoting secure sex. He is also a business person, broadcaster, generous giver, and speaker who motivates others. He is also involved in control of the Los Angeles Dodgers and owns stakes in additional sports groups. Throughout his vocation, he has won fourteen championships – one in college, eight as an owner, and five as an NBA player.
Magic Johnson Net Worth
| Name | Magic Johnson |
| Net Worth (2024) | $1.3 Billion |
| Profession | American former professional basketball player and former president of the Los Angeles Lakers |
| Monthly Income | $4 Million + |
| Yearly Income | $50 Million + |
| Number | 32 (Los Angeles Lakers / Point guard), 33 (Michigan State Spartans men’s basketball / Point guard) |
| College | Michigan State (1977–1979) |
| NBA draft | 1979: 1st round, 1st overall pick |
| Last Updated | 2024 |
Under this company come movie theaters, coffee chains, and movie studios promotional marketing companies also come. So that was it, stay with us to know about the life of any other celebrity like Magic Johnson. Also, check Beyonce Net Worth.
Magic Johnson NBA Salary
| Season | Team | Lg | Salary |
| 1979-80 | Los Angeles Lakers | NBA | $460,000 |
| 1980-81 | Los Angeles Lakers | NBA | $460,000 |
| 1981-82 | Los Angeles Lakers | NBA | $460,000 |
| 1982-83 | Los Angeles Lakers | NBA | $460,000 |
| 1983-84 | Los Angeles Lakers | NBA | $460,000 |
| 1984-85 | Los Angeles Lakers | NBA | $1,000,000 |
| 1985-86 | Los Angeles Lakers | NBA | $2,500,000 |
| 1986-87 | Los Angeles Lakers | NBA | $1,000,000 |
| 1987-88 | Los Angeles Lakers | NBA | $2,500,000 |
| 1988-89 | Los Angeles Lakers | NBA | $3,142,860 |
| 1989-90 | Los Angeles Lakers | NBA | $1,000,000 |
| 1990-91 | Los Angeles Lakers | NBA | $2,400,000 |
| 1991-92 | Los Angeles Lakers | NBA | $2,500,000 |
| 1992-93 | Los Angeles Lakers | NBA | $2,500,000 |
| 1993-94 | Los Angeles Lakers | NBA | $2,500,000 |
| 1994-95 | Los Angeles Lakers | NBA | $1,000,000 |
| 1995-96 | Los Angeles Lakers | NBA | $1,000,000 |
| 1996-97 | Los Angeles Lakers | NBA | $1,000,000 |
| 1997-98 | Los Angeles Lakers | NBA | $1,000,000 |
| 1998-99 | Los Angeles Lakers | NBA | $1,000,000 |
| Season | Team | Lg | Salary |
| 1999-00 | Los Angeles Lakers | NBA | $1,000,000 |
| 2000-01 | Los Angeles Lakers | NBA | $1,000,000 |
| 2001-02 | Los Angeles Lakers | NBA | $1,000,000 |
| 2002-03 | Los Angeles Lakers | NBA | $1,000,000 |
| 2003-04 | Los Angeles Lakers | NBA | $1,000,000 |
| 2004-05 | Los Angeles Lakers | NBA | $1,000,000 |
| 2005-06 | Los Angeles Lakers | NBA | $1,000,000 |
| 2006-07 | Los Angeles Lakers | NBA | $1,000,000 |
| 2007-08 | Los Angeles Lakers | NBA | $1,000,000 |
| 2008-09 | Los Angeles Lakers | NBA | $1,000,000 |
| 2009-10 | Los Angeles Lakers | NBA | $1,000,000 |
| Career | (may be incomplete) | andnbsp; | $39,342,860 |
Magic Johnson made $39.3 million from his NBA contracts, containing a 25-year $25 million agreement. He rose his wealth through wise investing and earned much money as the head of basketball processes for theandnbsp;Lakers.
Magic Johnson Social Media Accounts
| Almost 3.6M Followers | Check Out | |
| Almost 4.4M Followers | Check Out | |
| Almost 5.2M Followers | Check Out | |
| You tube | Almost 1.14K Subscribers | Check Out |
| N/A | Click | |
| N/A | Click |
Endorsement Deals
Magic Johnson is a one-time basketball player for the Los Angeles Lakers who had relationships with different businesses like AMC Theatres and T.G.I. Fridays, 24-Hour Fitness, and Starbucks. He owned numerous Starbucks areas and was a tiny part of the Lakers team. However, Johnson sold both for $100 million.andnbsp;
Johnson makes $22 million yearly and is called one of the wealthiest players, according to Forbes. Magic also holds parts of the WNBA’s Los Angeles Sparks and MLB’s Los Angeles Dodgers teams.
Magic Johnson Investments
Johnson partnered with Starbucks, 24 Hour Fitness, T.G.I Fridays, and AMC Theatres. He owned multiple Starbucks stores and a small part of the Lakers but sold them for a lot of money. He began his big industry called Magic Johnson Enterprises, worth over $1 billion. Magic has been involved in LA sports. He invested in the LA Dodgers baseball team,andnbsp; the LAFC soccer team, the LA Sparks women’s basketball team, and the Washington Commanders football team.
Johnson’s Other Income Sourcesandnbsp;
Magic Johnson is the President of Basketball Operations for the Lakers and owns a company named The Magic Johnson Enterprises. He has invested in successful businesses like film theaters, restaurants, and even the Los Angeles Lakers.
Cars Collection
| Serial No. | Cars | Cost |
| 1. | Rolls Royce Phantom Drophead | $550,000 |
| 2. | Mercedes G63 AMG | $156,500 |
| 3. | Cadillac Escalade | $110,000 |
Magic Johnson Houses
Magic Johnson and his wife have a house in Beverly Hills called Beverly Park. Magic Johnson and his wife have a house in Beverly Hills called Beverly Park. They also own a beach home in Dana Point, California. Previously, they had a house located inandnbsp;Napili, Hawaii, but they sold it.
Magic’s old Bel-Air estate, where he stayed from 1981 to 1990, was recorded for sale at $14.5 million in 2022 but afterward lowered to $11.5 million in 2023. Besides this, Johnson also purchased the property for $600,000 after winning his 1st NBA championship and sold it for $2 million.
Magic Johnsonandnbsp;Net Worth Growth
| Year | Net Worth (Million) |
|---|---|
| Magic Johnson Net Worth in 2024 | $1300 Million |
| Magic Johnson Net Worth in 2023 | $1250 Million |
| Magic Johnson Net Worth in 2022 | $1200 Million |
| Magic Johnson Net Worth in 2021 | $1150 Million |
| Magic Johnson Net Worth in 2020 | $1100 Million |
| Magic Johnson Net Worth in 2019 | $1050 Million |
Frequently Asked Questions
What is the net worth of Magic Johnson?
Magic Johnson's total net worth is around $1.3 Billion.
What is the Salary of Magic Johnson?
Magic Johnson earns an estimated salary of $45 Million per Year.
What is the monthly income of Magic Johnson?
Magic Johnson earns $4 Million per month.
What is the age of Magic Johnson?
Currently, Magic Johnson is 64 years old (14 August 1959).
What is the Height of Magic Johnson?
The Height of Magic Johnson is 2.06 m. (6’ 9”).
What is the name of Magic Johnson’s wife?
Magic Johnson was married to Cookie Johnson (m. 1991).
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